by OrangeTee & Tie Pte Ltd.

In a Covid year, new condos' price-income ratio widens

Monthly Developers' Sales

Monthly Developers' Sales

Singapore, 16 Mar 2021

Like several countries across the world, Singapore has seen private housing prices move higher in spite of a global pandemic. Given this, fresh data shows that the gap between incomes and prices of private non-landed homes continued to widen in 2020. 

Specifically, the gap – known as an “affordability ratio” – between prices of new condominiums sold and household income continues to be at its widest in a decade, BT’s analysis of data from Knight Frank, Colliers Intl, OrangeTee & Tie, URA and DOS showed.

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